BlueX 7-31-23 | Israeli Algae Tech

Happy July. We finally got a break from the heat wave yesterday up in New Jersey - I hope you get a break too. This week has a bit of an international flair. Enjoy.

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OceanTech Fundings

The main event. Startup investment announcements in OceanTech.

🌱 Brevel, an algae protein startup out of Israel, raised $18.5m in seed funding from FLORA Ventures, Now Capital, and Agronomics Ltd. | More from Ag Funder News

💧 Cimico, a biotechnological wastewater treatment solution for both urban and industrial environments, raised €7M in its second round of financing led by Moira Capital Partners and INBERGUNE CAPITAL PARTNERS. | More from Silicon Canals

🚽 Mitsubishi Electric Corporation has invested in Hydroleap Pte. Ltd., a Singapore-based startup providing wastewater treatment solutions, as the fifth investment in its ME Innovation Fund. Hydroleap specializes in Electrocoagulation (HL-EC) and Electrooxidation (HL-EO) technologies to cost-effectively and environmentally friendly treat industrial wastewater in Southeast Asia. | More from Business Wire

🌎 Constellr, an agritech space-based solution provider, raised €17 million in extended seed funding led by Karista and Einstein Industries Ventures. | More from Tech.eu

More OceanTech News

Some of the OceanTech articles we liked. Not fundings necessarily, but some great stuff:

👷‍♂️ MassMutual committed up to $514.2M in financing to Low Carbon Ltd, a renewable-energy developer, forming a joint venture to back solar, wind and energy-storage projects with the goal of installing 20GW of generating capacity by 2030. | More from The Wall Steet Journal

🛳 Signal links up with Germany’s Flagship Founders on maritime tech startups | Greece’s Signal Group has teamed up with German venture studio Flagship Founders to jointly develop new technology startups for the maritime industry. As part of the deal, the Ioannis Martinos-controlled Signal is taking a stake in the Berlin-based Flagship Founders and will contribute data and APIs from its Signal Ocean platform to help speed up . . . | More from Splash 247

🥒 General Mills Backed Supply Change Capital Debuts With $40 Million To Invest In The Future Of Food | Latina-led venture capital firm, Supply Change Capital, has officially closed its $40 million inaugural fund from limited partners, including General Mills’ venture arm 301 INC, MassMutual, and J.P. Morgan Asset Management. The goal is to invest in early-stage food technology companies that underpin a more resilient food system. | More from Forbes

More Ocean Sustainability News

Even if it isn’t tech, that doesn’t mean we don’t love reading these pieces:

🍔 FDA Approval in the USA to Trigger Wave of Investments in Cultivated Meat Companies | The FDA’s recent approval of UPSIDE Foods and GOOD Meat cell-cultivated chicken, along with the industry’s milestones on lowering production costs and the challenge of feeding a projected global population of 10 billion by 2050, will attract investments in cultivated meat companies and support from governments in terms of grants and loans. Investments in cultivated meat startups experienced a 233 percent growth from $92 million in 2019 to about $300 million in 2020 . . . | More from The Vegconomist

⚡️ US Invests Nearly $10 Million to Advance Marine Energy | The U.S. Department of Energy (DOE) has announced nearly $10 million for seven projects that will accelerate development and testing of marine energy technologies. These investments advance research on wave-powered technology for use in seawater . . . | More from MarineLink

🛥 Why Ammonia Is the Fuel of the Future for Maritime Shipping | Commercial maritime shipping has a fuel problem. While the industry has cemented its position as the essential piece of the global supply chain—moving more than 80% of all international goods by volume—its dependence on carbon-emitting fuel . . . | More from MarineLink

OceanTech Jobs

There are a ton of career opportunities in this broad ecosystem. Are these right for you?

🥬 Algae carbon capture company Brilliant Planet is looking for a Planning & Project Controls Manager.

💻 Digital twin for energy firm Future On is looking for a Customer Success Manager.

🐟 Plant based seafood company Hooked is looking for a Senior Product Developer.

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